The Impact of Smart Contracts in Africaby@chixzyoge
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The Impact of Smart Contracts in Africa

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Smart contracts are beneficial in all aspects of our daily activities such as enabling transparency, creating a more secure network, efficiency in carrying out contract agreements, low cost of transacting and fast means of carrying out responsibilities. Smart contracts' impact on the economy increases with time. Smart legal contracts replace a failed legal structure and reduce the transaction cost of the legal system, making it profitable for both parties. The main Bitcoin economies in Africa include Nigeria, Ghana, Kenya, Botswana and South Africa, hence smart contracts are inevitable.

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@chixzyoge

Chinaza Ogechukwu

Content writer| tech copywriter for cryptocurrency and blockchain.


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by Chinaza Ogechukwu @chixzyoge.Content writer| tech copywriter for cryptocurrency and blockchain.
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